Q4 2025 · 13F-HR
Converium Capital Inc.holdings as filed
Filed 2026-05-22 · accession 0001012975-26-000476
$127.1M
Reported value
33
Positions
2025-12-31
Period end
The Brief · Converium Capital Inc. · Q4 2025
AI · grounded in 13F
Converium Capital Inc. established a new position in PG&E CORP [[stock:PCG 4.25 12/01/27]] valued at $25.7M. The fund also added new holdings in AMERICAN AXLE & MFG HLDGS IN DCH for $17.1M and SINCLAIR INC SBGI for $14.0M. Additional new positions include ON SEMICONDUCTOR CORP [[stock:ON 0.5 03/01/29]] and KOSMOS ENERGY LTD [[stock:KOS 3.125 03/15/30]].
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 69331CAL2 | PCG 4.25 12/01/27 | PG&E CORP | $25.7M | 20.3% | 25,000,000 | Common | SOLE |
| 024061103 | DCH | AMERICAN AXLE & MFG HLDGS IN | $16.3M | 12.8% | 2,543,044 | Common | SOLE |
| 829242106 | SBGI | SINCLAIR INC | $14.0M | 11.0% | 917,778 | Common | SOLE |
| 682189AU9 | ON 0.5 03/01/29 | ON SEMICONDUCTOR CORP | $12.3M | 9.70% | 13,000,000 | Common | SOLE |
| 500688AH9 | KOS 3.125 03/15/30 | KOSMOS ENERGY LTD | $12.2M | 9.58% | 28,300,000 | Common | SOLE |
| 82452JAD1 | FOUR 0.5 08/01/27 | SHIFT4 PMTS INC | $9.6M | 7.58% | 10,000,000 | Common | SOLE |
| 53680QAA6 | LARCN 1.75 01/15/27 | LITHIUM ARGENTINA AG | $8.6M | 6.79% | 9,500,000 | Common | SOLE |
| 98421MAE6 | XRX 3.75 03/15/30 | XEROX HOLDINGS CORP | $6.4M | 5.07% | 21,300,000 | Common | SOLE |
| 35471R106 | FSP | FRANKLIN STR PPTYS CORP | $6.3M | 4.92% | 6,608,478 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $2.3M | 1.82% | 240,000 | PUT | SOLE |
| 464287655 | IWM | ISHARES TR | $1.8M | 1.42% | 485,000 | PUT | SOLE |
| 83001C108 | FUN | SIX FLAGS ENTERTAINMENT CORP | $1.6M | 1.23% | 101,500 | Common | SOLE |
| 82575P107 | SBSW | SIBANYE STILLWATER LTD | $967,500 | 0.76% | 450,000 | CALL | SOLE |
| G8068L108 | SN | SHARKNINJA INC | $946,250 | 0.74% | 125,000 | CALL | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $856,875 | 0.67% | 75,000 | CALL | SOLE |
| 501889208 | LKQ | LKQ CORP | $850,000 | 0.67% | 200,000 | CALL | SOLE |
| 024061103 | DCH | AMERICAN AXLE & MFG HLDGS IN | $816,750 | 0.64% | 2,040,000 | CALL | SOLE |
| 91912E105 | VALE | VALE S A | $803,000 | 0.63% | 2,050,000 | CALL | SOLE |
| G9087Q102 | TROX | TRONOX HOLDINGS PLC | $625,500 | 0.49% | 150,000 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $552,825 | 0.44% | 195,000 | CALL | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $548,625 | 0.43% | 142,500 | CALL | SOLE |
| 281020107 | EIX | EDISON INTL | $503,750 | 0.40% | 310,000 | CALL | SOLE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $484,500 | 0.38% | 150,000 | CALL | SOLE |
| 343412102 | FLR | FLUOR CORP NEW | $386,250 | 0.30% | 150,000 | CALL | SOLE |
| 494368103 | KMB | KIMBERLY-CLARK CORP | $300,000 | 0.24% | 120,000 | CALL | SOLE |
| 651639106 | NEM | NEWMONT CORP | $283,500 | 0.22% | 100,000 | CALL | SOLE |
| 49177J102 | KVUE | KENVUE INC | $273,000 | 0.21% | 300,000 | CALL | SOLE |
| 78464A755 | XME | SPDR SERIES TRUST | $240,000 | 0.19% | 100,000 | PUT | SOLE |
| 773121108 | RKLB | ROCKET LAB CORP | $156,000 | 0.12% | 60,000 | PUT | SOLE |
| 984245100 | YPF | YPF SOCIEDAD ANONIMA | $123,500 | 0.10% | 190,000 | PUT | SOLE |
| 458140100 | INTC | INTEL CORP | $120,000 | 0.09% | 150,000 | CALL | SOLE |
| 25402D102 | DOCN | DIGITALOCEAN HLDGS INC | $16,250 | 0.01% | 170,000 | PUT | SOLE |
| 69331C108 | PCG | PG&E CORP | $10,000 | 0.01% | 400,000 | CALL | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.